Greenhaven Road Capital, an investment management company, released its fourth-quarter 2024 investor letter. A copy of the letter can be downloaded here. The firm stated in its Q3 2024 letter that with a concentrated portfolio of idiosyncratic companies returns are expected to come in chunks, with progress being made and multiple multi-baggers holding potential. The expectation was paid off in Q4 with another chunk. The fund returned approximately 13% in the quarter bringing yearly returns to 27%. In addition, you can check the fund’s top 5 holdings to determine its best picks for 2024.
In its fourth quarter 2024 investor letter, Greenhaven Road Capital emphasized stocks such as KKR & Co. Inc. (NYSE:KKR). KKR & Co. Inc. (NYSE:KKR) is an equity and real estate investment firm. The one-month return of KKR & Co. Inc. (NYSE:KKR) was -18.84%, and its shares gained 25.57% of their value over the last 52 weeks. On March 5, 2025, KKR & Co. Inc. (NYSE:KKR) stock closed at $123.03 per share with a market capitalization of $113.534 billion.
Greenhaven Road Capital stated the following regarding KKR & Co. Inc. (NYSE:KKR) in its Q4 2024 investor letter:
“KKR & Co. Inc. (NYSE:KKR) – KKR has been in business for 48 years and ended the third quarter with $624 billion in assets under management (AUM), up 18% year-over-year. At the firm’s last investor day, they highlighted that 80% of their strategies are not yet scaled and they are just scratching the surface with individuals. In fact, they laid out an $11 trillion growth opportunity in the alternatives industry. Given their brand name and historical track record, they are incredibly well positioned to monetize that wave. KKR has not only “gotten there”, but they are also very, very likely to stay “there.””
A modern looking financial adviser sitting in front of a trading monitor, gesturing to a group of investors.
KKR & Co. Inc. (NYSE:KKR) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 83 hedge fund portfolios held KKR & Co. Inc. (NYSE:KKR) at the end of the fourth quarter compared to 66 in the third quarter. While we acknowledge the potential of KKR & Co. Inc. (NYSE:KKR) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
In another article, we discussed KKR & Co. Inc. (NYSE:KKR) and shared the list of big-cap stocks those are plunging so far in 2025. In the previous quarter investor letter, Greenhaven Road Capital highlighted KKR & Co. Inc.’s (NYSE:KKR) growth and its strategy to achieve a fourfold increase in earnings within the next decade. In addition, please check out our hedge fund investor letters Q4 2024 page for more investor letters from hedge funds and other leading investors.
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Disclosure: None. This article is originally published at Insider Monkey.